Price trend

According to the Commodity Market Analysis System of SunSirs, the reference average price of 85% industrial grade phosphoric acid in China was 6,690 RMB/ton on June 26, and 6,730 RMB/ton on June 1. This month, the price of 85% industrial grade phosphoric acid in China has dropped by 0.59%.

Analysis review

This month, the domestic phosphoric acid market has shown a trend of first rising and then falling. In the first half of this month, the price of raw material phosphorus yellow increased, cost support increased, and the market price of phosphoric acid rose. In the second half of this month, the price of raw material phosphorus yellow weakened and cost support was insufficient. The trading volume in the phosphate market is light, with limited new orders and a decline in phosphate market prices.

Market situation

As of June 26th, the ex factory price of 85% thermal phosphoric acid in Hubei region was around 6,400-6,850 RMB/ton, in Sichuan region it was around 6,300-6,800 RMB/ton, and in Yunnan region it was around 6,500 RMB/ton. The domestic market price for 85% wet process phosphoric acid was around 6,500-7,300 RMB/ton.

In terms of cost

Raw material phosphorus yellow market: This month, the phosphorus yellow market has shown a trend of first rising and then falling. In the first half of this month, downstream suppliers gradually restocked and procurement demand increased, leading to an increase in the transaction price of phosphorus yellow in the market. In the second half of this month, downstream price cutting procurement has caused resistance to high prices, resulting in weak and downward transaction prices in the phosphorus yellow market.

Market outlook

SunSirs' phosphate analyst believes that the phosphate market has been steadily consolidating and operating in recent days. The raw material phosphorus yellow is in a supply-demand stalemate stage, and the phosphoric acid market is mainly observing and waiting. It is expected that the domestic phosphoric acid market will experience slight fluctuations and consolidation in the short term.

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